One of the hallmarks of Bloomberg’s 30 year history is the continuity of our senior leadership. We took another step this week in the evolution of the management of the firm by announcing that Dan Doctoroff will become Chief Executive Officer of Bloomberg LP (effective August 1). Dan has been President of the company (a title he will retain) for the past 4 years and has been instrumental in the recent growth of the firm and in building and managing our increasingly complex business model. In adding the role of CEO, Dan will manage all day-to-day operations of the company. He will still report to Peter Grauer – who has been our Chairman for the past 10 years and will continue to play an active role leading the company.
Bloomberg’s success the past several decades has been primarily based on the extraordinary success of the Bloomberg Terminal, which provides financial information, analytics and news to financial professionals around the world. And, of course, Bloomberg News has become a world leader in business and financial media and an essential contributor to the value of the Bloomberg Terminal. We’ve also diversified to include new businesses, including Bloomberg Enterprise Products & Solutions, Bloomberg Data Solutions, Bloomberg Trading Solutions, Bloomberg Tradebook, Bloomberg Government, Bloomberg Law and Bloomberg New Energy Finance, among others. The continued success of the Bloomberg Terminal and Bloomberg News plus the addition of these new businesses led to a record financial performance for the company in 2010. With this streamlined management structure, the company is well-positioned to continue to grow and prosper in the coming years.
And one other exciting announcement: Tom Secunda, one of the original four founders of Bloomberg LP, was named Vice Chairman of the company. Tom has been at the forefront of our success over the past 30 years and manages our Financial Products business and Research and Development team.
You can read the press release here.
Rick Powell is Bloomberg’s Chief Communications Officer